Tenaz Energy (TSE:TNZ) Reaches New 12-Month High – Time to Buy?

Tenaz Energy Corp. (TSE:TNZ) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$20.67 and last traded at C$20.67, with a volume of 7113 shares changing hands. The stock had previously closed at C$20.49.

Wall Street Analyst Weigh In

Separately, National Bankshares raised their price objective on Tenaz Energy from C$21.00 to C$23.00 in a report on Thursday, May 1st.

Tenaz Energy Stock Performance

The company has a debt-to-equity ratio of 10.56, a current ratio of 1.43 and a quick ratio of 2.77. The firm has a fifty day simple moving average of C$17.49 and a 200 day simple moving average of C$14.89. The company has a market capitalization of C$569.00 million, a price-to-earnings ratio of 306.61 and a beta of 1.65.

Tenaz Energy Company Profile

Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas assets in Canada and the Netherlands. The company was formerly known as Altura Energy Inc and changed its name to Tenaz Energy Corp. in October 2021. Tenaz Energy Corp. is headquartered in Calgary, Canada.